Engineering services outsourcing market to grow at 29.9% CAGR from 2014 to 2020 The global engineering services outsourcing market is expected to reach USD 415.74 billion by 2020. Rising cost pressures on firms leading to constrained R&D budgets is expected to be a primary growth driver for the industry. Companies prefer to outsource the service as it enhances efficiency, improves processes, lowers time to market products. In addition, it yields cost advantages which in turn relates to profit maximization. In addition, dynamic consumer buying behavior leading to shorter product life cycle is projected to fuel market growth. High competition among leading companies has given rise to cost reduction across companies in several industries including consumer electronics and automotive. In order to reduce costs, companies have initiated augmenting their capabilities by utilizing outsourced IT services. This further leads to cost minimization thus benefiting the company in the long run. Outsourcing engineering services allow businesses to get the most out of constrained budgets and focus on more critical issues. However, the threat of intellectual property theft is expected to hinder industry growth. Demand for engineering services outsourcing in telecom sector accounted for over 19% of the overall market in 2013. Growing dominance of telecom sector is attributed to the integration of business and operations support systems which require significant back-end equipment and expertise by the telecom industry. View summary of this report @ http://www.grandviewresearch.com/industryanalysis/engineering-services-outsourcing-market ESO market share by application, 2 013 Table of Contents Chapter 1. Executive Summary 1.1. Engineering Services Outsourcing - Industry Summary and Critical Success Factors (CSFs) Chapter 2. ESO Industry Outlook 2.1. Market Segmentation 2.2. Market Size and Growth Prospects 2.3. ESO Value Chain Analysis 2.4. ESO Market Dynamics 2.4.1. Market Driver Analysis 2.4.1.1. Increased tie-ups between automotive OEMs and suppliers 2.4.1.2. Cost reduction pressure 2.4.1.3. Shorter product life cycles 2.4.2. Market Restraint Analysis 2.4.2.1. IP confidentiality and security threats 2.5. Key Opportunities Prioritized 2.6. Industry Analysis - Porter's 2.7. ESO - Company Market Share Analysis, 2013 2.8. ESO Market PESTEL Analysis, 2013 Chapter 3. ESO End-Use Outlook 3.1. Aerospace 3.1.1. Demand in aerospace, by region, 2012 - 2020 (USD Billion) 3.2. Automotive 3.2.1. Demand in automotive, by region, 2012 - 2020 (USD Billion) 3.3. Construction 3.3.1. Demand in construction, by region, 2012 - 2020 (USD Billion) 3.4. Consumer Electronics 3.4.1. Demand in consumer electronics, by region, 2012 - 2020 (USD Billion) 3.5. Semiconductors 3.5.1. Demand in semiconductors, by region, 2012 - 2020 (USD Billion) 3.6. Pharmaceuticals 3.6.1. Demand in pharmaceuticals, by region, 2012 - 2020 (USD Billion) 3.7. Telecom 3.7.1. Demand in telecom, by region, 2012 - 2020 (USD Billion) 3.8. Others 3.8.1. Demand in other end-use industries, by region, 2012 - 2020 (USD Billion) Chapter 4. ESO Regional Outlook 4.1. North America 4.1.1. North America engineering services outsourcing market by end-use, 2012 2020 (USD Billion) 4.2. Europe 4.2.1. Europe engineering services outsourcing market by end-use, 2012 - 2020 (USD Billion) 4.3. Asia Pacific 4.3.1. Asia Pacific engineering services outsourcing market by end-use, 2012 2020 (USD Billion) 4.4. RoW 4.4.1. RoW engineering services outsourcing market by end-use, 2012 - 2020 (USD Billion) Chapter 5 ESO Competitive Landscape 5.1 Aricent Group 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Calsoft Labs 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 Cybage Software Pvt. Ltd. 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 Cyient (Infotech Enterprises Ltd.) 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 EPAM Systems Inc. 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 GlobalLogic Inc. 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 HCL Technologies Ltd. 5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 IGATE Corp. 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 Infosys Ltd. 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 KPIT Technologies Limited (KPIT Cummins Infosystems Ltd.) 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Luxoft 5.11.1 Company Overview 5.11.2 Financial Performance 5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives 5.12 Mindfire Solutions 5.12.1 Company Overview 5.12.2 Financial Performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives 5.13 MindTree Ltd. 5.13.1 Company Overview 5.13.2 Financial Performance 5.13.3 Product Benchmarking 5.13.4 Strategic Initiatives 5.14 Pactera Technology International Ltd. (Vanceinfo Technologies Inc.) 5.14.1 Company Overview 5.14.2 Financial Performance 5.14.3 Product Benchmarking 5.14.4 Strategic Initiatives 5.15 QuEST Global Services Pte. Ltd. 5.15.1 Company Overview 5.15.2 Financial Performance 5.15.3 Product Benchmarking 5.15.4 Strategic Initiatives 5.16 Sonata Software Ltd. 5.16.1 Company Overview 5.16.2 Financial Performance 5.16.3 Product Benchmarking 5.16.4 Strategic Initiatives 5.17 Symphony Teleca Corp. 5.17.1 Company Overview 5.17.2 Financial Performance 5.17.3 Product Benchmarking 5.17.4 Strategic Initiatives 5.18 Tata Consultancy Services 5.18.1 Company Overview 5.18.2 Financial Performance 5.18.3 Product Benchmarking 5.18.4 Strategic Initiatives 5.19 Tata Elxsi Ltd. 5.19.1 Company Overview 5.19.2 Financial Performance 5.19.3 Product Benchmarking 5.19.4 Strategic Initiatives 5.20 Tech Mahindra 5.20.1 Company Overview 5.20.2 Financial Performance 5.20.3 Product Benchmarking 5.20.4 Strategic Initiatives 5.21 Wipro Ltd. 5.21.1 Company Overview 5.21.2 Financial Performance 5.21.3 Product Benchmarking 5.21.4 Strategic Initiatives Chapter 6. Methodology and Scope 6.1. Research Methodology 6.2. Research Scope & Assumption 6.3. List of Data Sources Browse full report @ http://www.grandviewresearch.com/industry-analysis/engineeringservices-outsourcing-market List of Tables 1. Engineering Services Outsourcing – Industry Summary & Critical Success Factors (CSFs) 2. Global engineering services outsourcing market, 2012 - 2020 (USD Billion) 3. Global engineering services outsourcing market by region, 2012 - 2020 (USD Billion) 4. Global engineering services outsourcing market by end-use, 2012 - 2020 (USD Billion) 5. Global engineering services outsourcing demand in aerospace, 2012 - 2020 (USD Billion) 6. Global engineering services outsourcing demand in aerospace, by region, 2012 - 2020 (USD Billion) 7. Global engineering services outsourcing demand in automotive, 2012 - 2020 (USD Billion) 8. Global engineering services outsourcing demand in automotive, by region, 2012 - 2020 (USD Billion) 9. Global engineering services outsourcing demand in construction, 2012 - 2020 (USD Billion) 10. Global engineering services outsourcing demand in construction, by region, 2012 - 2020 (USD Billion) 11. Global engineering services outsourcing demand in consumer electronics, 2012 - 2020 (USD Billion) 12. Global engineering services outsourcing demand in consumer electronics, by region, 2012 2020 (USD Billion) 13. Global engineering services outsourcing demand in semiconductors, 2012 - 2020 (USD Billion) 14. Global engineering services outsourcing demand in semiconductors, by region, 2012 - 2020 (USD Billion) 15. Global engineering services outsourcing demand in pharmaceuticals, 2012 - 2020 (USD Billion) 16. Global engineering services outsourcing demand in pharmaceuticals, by region, 2012 - 2020 (USD Billion) 17. Global engineering services outsourcing demand in telecom, 2012 - 2020 (USD Billion) 18. Global engineering services outsourcing demand in telecom, by region, 2012 - 2020 (USD Billion) 19. Global engineering services outsourcing demand in other end-use industries, 2012 - 2020 (USD Billion) 20. Global engineering services outsourcing demand in other end-use industries, by region, 2012 - 2020 (USD Billion) 21. North America engineering services outsourcing market by end-use, 2012 - 2020 (USD Billion) 22. Europe Engineering Services Outsourcing market by end-use, 2012 - 2020 (USD Billion) 23. Asia Pacific Engineering Services Outsourcing market by end-use, 2012 - 2020 (USD Billion) 24. RoW Engineering Services Outsourcing market by end-use, 2012 - 2020 (USD Billion) For More Information visit http://www.grandviewresearch.com/industryanalysis/engineering-services-outsourcing-market List of Figures 1. Engineering Services Outsourcing Market Segmentation 2. Global engineering services outsourcing market, 2012 - 2020 (USD Billion) 3. Engineering services outsourcing value chain analysis 4. Engineering services outsourcing market dynamics 5. Engineering services outsourcing - Company market share analysis, 2013 6. Key Opportunities Prioritized 7. Industry Analysis - Porter's 8. Engineering Services Outsourcing PESTEL Analysis, 2013 9. Engineering Services Outsourcing market share by end-use, 2013 & 2020 10. Global engineering services outsourcing demand in aerospace, 2012 - 2020 (USD Billion) 11. Global engineering services outsourcing demand in automotive, 2012 - 2020 (USD Billion) 12. Global engineering services outsourcing demand in construction, 2012 - 2020 (USD Billion) 13. Global engineering services outsourcing demand in consumer electronics, 2012 - 2020 (USD Billion) 14. Global engineering services outsourcing demand in semiconductors, 2012 - 2020 (USD Billion) 15. Global engineering services outsourcing demand in pharmaceuticals, 2012 - 2020 (USD Billion) 16. Global engineering services outsourcing demand in telecom, 2012 - 2020 (USD Billion) 17. Global engineering services outsourcing demand in other applications, 2012 - 2020 (USD Billion) 18. Engineering Services Outsourcing market share by region, 2013 & 2020 19. North America engineering services outsourcing market, by end-use, 2012 - 2020 (USD Billion) 20. Europe engineering services outsourcing market, by end-use, 2012 - 2020 (USD Billion) 21. Asia Pacific engineering services outsourcing market, by end-use, 2012 - 2020 (USD Billion) 22. RoW engineering services outsourcing market, by end-use, 2012 - 2020 (USD Billion) Further key findings from the report suggest: Increasing demand for consumer electronic products has resulted in leading companies expanding their service portfolio. However, smaller market players owing to their cost constraints heavily rely on engineering services outsourcing to cater growing demand. As a result, the segment is expected to witness the highest growth among other application over the projected period. Key engineering services required for manufacturing these consumer electronic devices such as embedded software development, design & testing, and development & testing are increasingly outsourced to ESO vendors, thus driving industry growth. Asia Pacific demand for engineering services outsourcing was valued at over USD 44 billion in 2013 and is expected to experience substantial growth over the forecast period. Growth can be attributed to strong manufacturing base in the region and presence of a large talent pool. Emerging economies including India and China are projected to be leading growth in the region. Europe is expected to grow at a CAGR of more than 25% over the period of six years owing to a high inclination among European firms to outsource engineering activities with the same country or within western European nations to ensuring regulatory compliance. Key players in the industry include Tata ELXSI, QuEST Global, HCL Technologies Ltd, Tata Consultancy Services, Wipro, MindTree Ltd., and Infosys Ltd. Other companies include Aricent Group, VanceInfo Technologies Inc., Corp., Infotech Enterprises Ltd., Global Logic, EPAM Services, Cybage Software Pvt. Ltd., KPIT Cummins Infosystems Ltd., IGATE, and Calsoft Labs. Request free sample of this Report @ http://www.grandviewresearch.com/industryanalysis/engineering-services-outsourcing-market/request Grand View Research has segmented the global engineering services outsourcing market on the basis of end-use and region: ESO End-Use Outlook (Revenue, USD Billion, 2012 – 2020) • Aerospace • Automotive • Construction • Consumer Electronics • Semiconductors • Pharmaceuticals • Telecom • Others ESO Regional Outlook (Revenue, USD Billion, 2012 – 2020) • North America • Europe • Asia Pacific • RoW Browse All Reports of this category @ http://www.grandviewresearch.com/industry/communication-services About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Website: Grand View Research Blog Site: http://www.divog.org/
The global engineering services outsourcing market is expected to reach USD 415.74 billion by 2020. Rising cost pressures on firms leading to constrained R&D budgets is expected to be a primary growth driver for the industry. For More Information, Visit - http://www.grandviewresearch.com/industry-analysis/engineering-services-outsourcing-market
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